Company No: 06244241 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	F P Busse
	A D Ginsberg
	B C Ginsberg
	G C Ginsberg
	K L Ginsberg

SECRETARY

K L Ginsberg

REGISTERED OFFICE	Old Library Chambers
	21 Chipper Lane
	Salisbury
	SP1 1BG
	United Kingdom

BUSINESS ADDRESS	First Floor St Luke's House
	Oxford Square
	Oxford Street
	Newbury
	RG14 1JQ

COMPANY NUMBER

06244241 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	4th Floor Cumberland House
	15-17 Cumberland Place
	Southampton
	Hampshire
	SO15 2BG

	Note	2024		2023
		£		£
Fixed assets
Investments	3	801,001		964,576
		801,001		964,576
Current assets
Debtors	4	14,723		107,681
Cash at bank and in hand		954		430
		15,677		108,111
Creditors: amounts falling due within one year	5	( 387,827)		( 565,934)
Net current liabilities		(372,150)		(457,823)
Total assets less current liabilities		428,851		506,753
Net assets		428,851		506,753
Capital and reserves
Called-up share capital		1,706		1,706
Share premium account		569,425		569,425
Profit and loss account		( 142,280 )		( 64,378 )
Total shareholders' funds		428,851		506,753

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Tea Times Holdings Limited (registered number: 06244241) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

K L Ginsberg Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tea Times Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Old Library Chambers, 21 Chipper Lane, Salisbury, SP1 1BG, United Kingdom. The principal place of business is First Floor St Luke's House, Oxford Square, Oxford Street, Newbury, RG14 1JQ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Tea Times Holdings Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument. Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management. Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments
issued by the Company are recorded at the proceeds received, net of direct issue costs.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	964,576
At 31 December 2024	964,576
Provisions for impairment
At 01 January 2024	0
Impairment	163,575
At 31 December 2024	163,575
Carrying value at 31 December 2024	801,001
Carrying value at 31 December 2023	964,576

The impairment relates to the investment in Wistbray Limited, following the transfer of its trade and assets to Tea Times Trading Limited as part of a restructuring.

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.12.2024	Ownership 31.12.2023
Tea Times Trading Limited	Old Library Chambers, 21 Chipper Lane, Salisbury, SP1 1BG	Import and wholesale of teas, coffees and beverages	Ordinary	100.00%	100.00%
Wistbray Limited	Old Library Chambers, 21 Chipper Lane, Salisbury, SP1 1BG	Dormant	Ordinary	100.00%	100.00%

4. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	1,345		91,803
Deferred tax asset	12,325		14,825
Other debtors	1,053		1,053
	14,723		107,681

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Group undertakings	1,000		101,016
Other creditors	386,827		464,918
	387,827		565,934

Included within other creditors is a debenture loan of £231,370 (2023: 284,482) due to B C Ginsberg. The loan is secured by a fixed and floating charge of the assets of the company and, by way of inter-company guarantee, against the assets of Tea Times Trading Limited and Wistbray Limited.

6. Related party transactions

The Company has taken the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned member.